Prairie Wealth Advisors Inc. Sells 75 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Prairie Wealth Advisors Inc. lessened its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,505 shares of the medical equipment provider’s stock after selling 75 shares during the quarter. Prairie Wealth Advisors Inc.’s holdings in Intuitive Surgical were worth $786,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ISRG. Beese Fulmer Investment Management Inc. boosted its position in Intuitive Surgical by 4.3% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 1,598 shares of the medical equipment provider’s stock worth $834,000 after buying an additional 66 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Intuitive Surgical by 175.2% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,043 shares of the medical equipment provider’s stock worth $4,198,000 after purchasing an additional 5,120 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Intuitive Surgical by 5.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,523,863 shares of the medical equipment provider’s stock worth $795,396,000 after purchasing an additional 73,225 shares during the last quarter. Telligent Fund LP acquired a new stake in Intuitive Surgical in the fourth quarter valued at $1,566,000. Finally, Strategic Financial Concepts LLC raised its position in Intuitive Surgical by 50,740.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 312,671 shares of the medical equipment provider’s stock worth $163,202,000 after purchasing an additional 312,056 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

Intuitive Surgical Price Performance

ISRG opened at $588.50 on Friday. Intuitive Surgical, Inc. has a fifty-two week low of $364.17 and a fifty-two week high of $616.00. The firm has a market capitalization of $209.61 billion, a P/E ratio of 91.81, a PEG ratio of 5.51 and a beta of 1.39. The company’s 50-day moving average is $553.03 and its 200 day moving average is $512.59.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ISRG. Piper Sandler restated an “overweight” rating and set a $670.00 price objective (up from $538.00) on shares of Intuitive Surgical in a research report on Friday, January 24th. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Jefferies Financial Group upped their price objective on shares of Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. Stifel Nicolaus lifted their target price on shares of Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Bernstein Bank upped their price target on shares of Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $613.10.

Insider Activity

In related news, Director Amal M. Johnson sold 4,635 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the transaction, the director now owns 12,275 shares in the company, valued at approximately $6,955,015. This represents a 27.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jamie Samath sold 94 shares of Intuitive Surgical stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $571.11, for a total transaction of $53,684.34. Following the completion of the sale, the chief financial officer now directly owns 2,630 shares in the company, valued at approximately $1,502,019.30. This represents a 3.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,940 shares of company stock valued at $3,333,485 over the last three months. Corporate insiders own 0.80% of the company’s stock.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.